On January 1, Miami Clothing Exchange paid cash of $79,200 for computers that are expected to remain useful for six years. At the end of six years, the value of the computers is expected to be zero. Requirement 1. Calculate the amount of depreciation for the month of January using the straight-line depreciation method. Begin by selecting the labels, than enter the amounts and compute the amount of depreciation for the month of January. (Abbreviation used; Acc. Depreciation = Accumulated Depreciation. Enter a "0" for any zero balances.) Requirements 1. Calculate the amount of depreciation for the month of January using the straight-line depreciation method. 2. Record the adjusting entry for depreciation on January 31 . 3. Post the purchase of January 1 and the depreciation on January 31 to T-accounts for the following accounts: Computer Equipment, Accumulated Depreciation-Computer Equipment, and Depreciation Expense-Computer Equipment. Show their balances at January 31 . 4. What is the computer equipment's book value at January 31